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Futures are seeing upside continuation


Moldova Seeking Payment Deferral for Russian Gas


(U2) Support Remains Exposed


EURCHF test the 0.9700 support


Prospera inflation data back to June levels


Clears Trendline Resistance

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DOLLAR-IDR: USD/IDR trades -5 pips at 14,915, struggling to challenge the next
key support from Apr 30 low of IDR14,882. A break here is needed to reinstate
downside momentum, opening up the 100-DMA at IDR14,552. Bulls need a jump above
the 50-DMA at IDR15,328 before attempting a move at Apr 23 high of IDR15,598.
- Bank Indonesia Governor Warjiyo spoke at an online briefing today, after a
meeting of the Financial Stability Committee. He noted that policymakers
consider IDR "fundamentally undervalued" and will carry on with their
interventions, while pointing out to BI's ability to cut rates once financial
mkts stabilise.
- Meanwhile, FinMin Indrawati expressed concern over market destabilisation
brought about by the coronavirus outbreak. He said that capital outflows reached
IDR145.28tn in Q1, which is twise as much as during the last global crisis.
- worth adding that on Saturday Indonesia declared its largest daily increase in
new coronavirus cases, with the death count nearing 1,000.
- Indonesia's Q1 BoP current account balance hits the wires at the top of the
hour. Later in the week, focus turns to Friday's trade balance.
MNI London Bureau | +44 203-865-3806 |
MNI London Bureau | +44 203-865-3806 |

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